Populous (PPT) – Beginner’s Guide, Information & Review
What is Populous?
Populous is a P2P blockchain platform with the use-case of providing a way of global invoice trading. The goal is to use the security and speed of a blockchain to pair buyers and sellers of invoices directly and eliminate the need for third parties.
The system provides a way for buyers and sellers to exchange invoices P2P through auctions. These auctions are facilitated through smart contracts, and it is required to register your company first if you are a seller or a buyer. The Populous platform has two different tokens, which are both ERC20 tokens on the Ethereum ecosystem:
- PPT tokens: Token needed for access to the platform held as collateral when you invest in an invoice
- Pokens: The internal currency of the platform, pegged to fiat-value, can be purchased with GBP, USD, EUR, and Yen.
The team is based in London. 10,220,400 USD was collected during an ICO that was held on 24. July 2017.
Can Populous be mined?
No, Populous is pre-mined and therefore cannot be mined.
What differs Populous from other Cryptocurrencies?
Populous concentrates on Invoice trading and tries to improve this sector through the use of smart contracts and distributed ledger tech.
How much is Populous worth today?
What is the total and the circulating supply?
The total supply of PPT is 53,252,246. The circulating supply at the time of writing is 37,004,027 PPT.
Where can you buy PPT?
You can buy PPT on several cryptocurrency exchanges, most notably Binance and OKEx.
Can PPT be sold for cash?
PPT cannot be sold for cash at the moment. You can exchange PPT for BTC or ETH and sell them for cash.
The Populous team has not published a roadmap at the date of writing. But the project is expected to launch their mainnet soon.
Verdict and Rating
The project does not need to be on a blockchain, poor communication from the team and they have delayed the Beta-release in the past. One to avoid.
DisclaimerThe writer’s views are expressed as a personal opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
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